Emera (TSE:EMA) Price Target Raised to C$60.00

Emera (TSE:EMA) had its target price hoisted by BMO Capital Markets from C$58.00 to C$60.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other analysts also recently weighed in on EMA. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. Scotiabank increased their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Raymond James increased their price objective on shares of Emera from C$57.00 to C$59.00 in a research report on Monday. JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emera has an average rating of “Moderate Buy” and a consensus price target of C$58.10.

Emera Stock Performance

Emera stock opened at C$58.10 on Monday. The company’s 50-day moving average price is C$54.65 and its 200-day moving average price is C$52.88. Emera has a twelve month low of C$44.13 and a twelve month high of C$58.73. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The company has a market cap of C$17.04 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 112.40%.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.